Industrial enzymes find extensive application across various industries such as food processing, animal feed, bioethanol, laundries & detergent, pulp & paper and wastewater treatment. They help improve manufacturing processes, lower costs, save energy and reduce environmental footprints as compared to conventional chemical-based processes. Globally, industrial enzymes market is expected to witness lucrative growth in the near future. Advances in biotechnology coupled with replacement of hazardous chemicals with eco-friendly enzyme solutions will drive the demand. Moreover, supportive government policies for biofuel production will further propel the market expansion. Industrial enzymes are proteins that are produced through industrial fermentation process and act as bio-catalysts in various industrial processes such as food and beverage processing, detergents, textiles, and paper and pulp. They enhance the rate of biochemical reactions while maintaining high substrate specificity under controlled environmental conditions. They provide alternatives to harsh chemicals, high temperatures and pressures and are cost-effective in small quantities. With growing environmental concerns, the market for industrial enzymes is expected to grow substantially in the near future as they reduce energy usage and lower carbon footprint as compared to conventional industrial processes.
Market Dynamics:
Major drivers propelling the industrial enzymes market include significant growth of processed food industry and rising need to improve manufacturing efficiencies. The market opportunity for cellulases and amylases enzymes is growing substantially due to increasing bioethanol production. However, fluctuating raw material prices remain a key challenge for manufacturers. On the other hand, innovations to produce novel quality-improving and cost-saving enzymes open up new avenues. The market is also witnessing rising preference for economically viable and environment-friendly industrial processes.
Key features of the study:
Industrial Enzymes Market Segmentation:
Industrial Enzymes Market Segmentation:
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